Written by ForexBrokers.com
In this head to head comparison of FxPro vs FinecoBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FxPro and FinecoBank, both established financial institutions, offer online brokerage services and are recognized as banks. FxPro, founded in 2006, is privately held and carries a ForexBrokers.com Trust Score of 93, reflecting a highly trusted status. It holds two Tier-1 licenses, denoting a high level of confidence and one Tier-2 license, which adds an additional layer of trust. In comparison, FinecoBank, publicly traded since its inception in 1999, boasts a slightly higher Trust Score of 94. Like FxPro, it secures two Tier-1 licenses but lacks Tier-2 accreditation.
Both brokers provide strong regulatory frameworks with their Tier-1 licenses, affirming their capabilities in safeguarding client interests. However, FxPro’s additional Tier-2 license could be seen as an extra assurance of trust. Despite this, FinecoBank’s status as a publicly traded company might appeal to investors seeking transparency. Overall, each broker maintains a solid reputation, offering peace of mind to users while navigating the complex world of online trading.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Year Founded | 2006 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | Yes | Yes |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing the commissions and fees of FxPro and FinecoBank, FxPro stands out with a 4-star rating against FinecoBank's 3.5 stars. FxPro is positioned at 32nd place out of 63 brokers in the Commissions and Fees category by ForexBrokers.com, whereas FinecoBank ranks lower at 51st. Despite FxPro's higher pricing relative to industry leaders like Pepperstone and IC Markets, it offers the most competitive spreads on its cTrader platform. The effective spread for trading the EUR/USD pair on cTrader is roughly 1.27 pips, which includes an average spread of 0.37 pips plus a commission-equivalent of 0.9 pips. Meanwhile, its floating-rate model on MetaTrader features EUR/USD spreads varying from 1.51 to 1.71 pips, depending on the type of account execution.
FinecoBank, on the other hand, does not publish detailed average spread data, making it challenging to evaluate its comprehensive trading costs. It lists a spread of 1 pip for the EUR/USD pair, which is relatively higher than what many forex brokers offer. Additionally, they provide a lower spread of 0.8 pips, but this isn't specified as an average, leaving potential traders without a clear picture of fees. Despite this, FinecoBank does appear to offer comparatively favorable spreads on its index CFDs, potentially benefiting traders interested in such instruments.
Beyond raw data, FxPro extends some appealing options like variable and fixed spreads on its MT4 offering, and an Active Trader program within its Elite account, which provides discounts of up to 30%. However, these benefits may still not outshine the more compelling offers from other top brokers such as FOREX.com, IG, and Saxo. Conversely, FinecoBank users face a lack of transparency in trading costs, which may deter traders seeking a clearer cost structure.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments offered by online brokers, both FxPro and FinecoBank have unique offerings tailored to different preferences. FxPro provides traders with access to 2,249 tradeable symbols, including 70 forex pairs, emphasizing its strength in forex trading through CFDs and spot contracts. However, it does not offer exchange-traded securities on U.S. exchanges. On the other hand, FinecoBank presents a broader selection, offering 9,770 tradeable symbols, including 54 forex pairs, and it extends its services to include exchange-traded securities on both U.S. and international exchanges, making it an excellent choice for those seeking a wider range of investments in stock markets. Despite offering fewer forex pairs compared to FxPro, FinecoBank's ability to cater to stock traders with access to U.S. exchanges gives it an edge in the variety of investments category.
For those interested in additional features, FxPro distinguishes itself by providing copy trading and cryptocurrency derivatives, although it does not allow the purchase of actual cryptocurrency. In contrast, FinecoBank does not offer copy trading or cryptocurrency derivatives but has a more comprehensive range of exchange-traded securities. Based on ForexBrokers.com rankings, FinecoBank excels with a Range of Investments rating of 4.5 stars, ranked 16th out of 63 brokers, while FxPro holds a respectable 4-star rating, positioned at 28th. This insight underscores FinecoBank's broader investment offerings, appealing to those aiming to diversify their portfolios, whereas FxPro suits traders keen on forex and cryptocurrency derivatives with the added benefit of copy trading.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 9770 |
| Forex Pairs (Total) | 70 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | No |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing FxPro to FinecoBank, both brokers are well-regarded for their trading platforms and tools, though they cater to slightly different needs. FxPro excels with its offering of a simulated paper trading environment through a free virtual demo account, which FinecoBank does not provide. This feature can be particularly beneficial for beginners looking to practice without financial risk. Both brokers offer proprietarily developed platforms and support for Windows-based desktop downloads as well as web-based trading platforms. However, FxPro offers the added advantage of supporting MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are absent from FinecoBank's offerings. For traders interested in copy trading, FxPro is equipped with this capability, whereas FinecoBank is not.
Analyzing their charting tools, FxPro offers a robust selection with 25 drawing tools compared to FinecoBank's 7. Additionally, FxPro enables trading directly from stock charts, enhancing the trading experience for users seeking efficiency and speed. Watch list customization is more advanced with FxPro, offering 6 columns for tracking fields, a feature that lacks definition at FinecoBank. Despite these differences, both brokers are rated 4 stars for their trading platforms and tools by ForexBrokers.com, with FxPro ranked slightly higher at 17th place out of 63 brokers compared to FinecoBank's 18th position. These nuances in features and rankings can help traders make informed decisions based on their specific trading needs and preferences.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 53 | 37 |
| Charting - Drawing Tools (Total) | 25 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FxPro and FinecoBank, both platforms offer vital capabilities for iPhone and Android users. Traders will appreciate that both apps provide stock and forex price alerts to keep users informed on important market changes. While both allow viewing of various time frames such as daily, weekly, or intraday, FxPro stands out with the provision of 65 technical studies for chart analysis compared to just 6 offered by FinecoBank. Furthermore, FxPro supports drawing trendlines on charts, a feature that FinecoBank lacks, enhancing the analytical capabilities for mobile traders using FxPro.
A significant differentiator is that FxPro's app allows watchlist symbol syncing between the mobile app and online accounts, ensuring any changes made on one platform are reflected on the other. This is a feature missing from FinecoBank’s app. Additionally, FxPro users can create watchlists with real-time quotes and benefit from drawings that autosave directly onto charts. These advanced functionalities contribute to FxPro's better user rating of 4.5 stars compared to FinecoBank's 4 stars. In the ForexBrokers.com rankings for Mobile Trading Apps, FxPro is placed at #15, a clear lead over FinecoBank's rank of #42, marking it as the more favored choice for traders seeking a comprehensive mobile trading experience.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing FxPro and FinecoBank for their market research offerings, several key differences emerge that can aid potential investors in making an informed decision. FxPro stands out by offering daily market commentary, a feature FinecoBank lacks. Both brokers provide forex news from top-tier sources like Bloomberg and Reuters. However, FxPro enhances its research portfolio with tools from Trading Central, including Technical Analytics, a service not available from FinecoBank. Furthermore, FxPro includes a sentiment-based trading tool that visualizes the proportion of long versus short positions across various instruments, which is another advantage not shared by FinecoBank. Both brokers offer economic calendars displaying global news events.
Both FxPro and FinecoBank are rated 4 out of 5 stars for their research capabilities, yet FxPro is slightly better ranked at #26 compared to FinecoBank's #33, according to ForexBrokers.com. Neither platform currently offers research improvements from Acuity Trading or market research from TipRanks. While both brokers offer valuable resources, FxPro provides a more comprehensive suite of tools and insights tailored to active traders seeking detailed market analysis.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered by FxPro and FinecoBank for beginners, FxPro stands out by providing a solid foundation in forex and CFDs education. FxPro offers more than 10 educational pieces, including articles, videos, and archived webinars focused on forex and CFDs topics, giving beginners a comprehensive learning experience. While FxPro doesn't provide frequent live webinars, it compensates with a searchable archive of previously recorded sessions, allowing beginners to access valuable insights on-demand. With a set of over 10 beginner-friendly educational videos and a detailed investor dictionary, FxPro proves to be a strong option for those starting their trading journey.
On the other hand, FinecoBank also caters to beginners with over 10 beginner-specific educational videos and a helpful investor dictionary featuring over 50 terms. FinecoBank hosts monthly live webinars, offering real-time learning opportunities for those who prefer interactive education. However, FinecoBank falls short in providing a searchable archive of past webinars and comprehensive forex or CFDs educational materials. In terms of education ratings, both platforms score similarly with FxPro receiving a 4-star rating and FinecoBank slightly edging up with 4.0 stars. Despite this, FxPro is more favorably ranked by ForexBrokers.com at 18th place in the Education category, compared to FinecoBank’s 49th place.
| Feature |
FxPro
|
FinecoBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FxPro is better than FinecoBank. FxPro finished with an overall rank of #21, while FinecoBank finished with an overall rank of #25.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 94 |
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FxPro allows for the purchase of cryptocurrency derivatives, unlike FinecoBank, which does not offer options for buying actual or derivative cryptocurrencies.
FxPro and FinecoBank both offer flexible banking options such as ACH and SEPA transfers and bank wires for account deposits and withdrawals, while FxPro also supports PayPal, Skrill, and Visa or Mastercard options, which are not available with FinecoBank.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FxPro | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | FxPro Review | FinecoBank Review |
| Broker Screenshots | FxPro | FinecoBank | |
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| Regulation | FxPro | FinecoBank | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 2006 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FxPro | FinecoBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FxPro | FinecoBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 9770 | |
| Forex Pairs (Total) | 70 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | No | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FxPro | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | FxPro | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FxPro | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 53 | 37 | |
| Charting - Drawing Tools (Total) | 25 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | FinecoBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FxPro | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | FinecoBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | FinecoBank | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FxPro Review | FinecoBank Review |
| Overall | FxPro | FinecoBank | |
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| Trust Score | 93 | 94 | |
| Winner | check_circle | ||
| Review | FxPro Review | FinecoBank Review |
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